I need an Income statement and balance sheet for the first 2 years of this business start up:
– Asian cooking classes for school children.- 2 classes per week.- £20-22 a class.- min 8 people per class, max 15.- Renting a room in a school for £100 a week.- Ingredients £15 per person.- Advertisment costs £x ? (please make up- realistic).
Please make up any other necessary costs and also make up assets, liabilities, equity etc for balance sheet. But be realistic for a small business start-up.
Make sure there is no loss… At least break-even for first year!
Also, try to make the ‘cash’ section of balance sheet the smallest.
If you have any problems that could be rectified by changing the price of the classes then let me know and i might consider changing it.
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